Aphria’s stock has soared over 85 percent, driven by the higher cannabis revenue growth in Q2FY20. Canopy Growth’s scrips are up 50 percent month-to-date, uplifted by its possible entry in the US market. HEXO holds a year-to-date growth of 69 percent, driven by its 103 percent YoY revenue growth from Q1 FY21.
The cannabis industry is weighing in on the political swing that may facilitate their admission to the world’s largest stock markets. The two giant pot-consuming nations – the US and Mexico – are all set to decriminalize the use of recreational marijuana at the federal level.